Hiring declined in August, especially in telecom and insurance sectors, as companies exercised caution amid challenging economic conditions. Leading job portal Naukri.com's
monthly job index dropped to 1,145 in August from 1,197 in July.
The index indicates a sense of hiring activities online.
"The overall recruitment market in the economy is very challenging and most recruiters are staffing smartly and are opting for replacement hiring instead of recruiting new members. However, hiring has severely been affected in sectors like Telecom, Insurance and BPO," Info Edge India Managing Director and CEO Hitesh Oberoi said in a statement on Monday.
Naukri.com is part of Info Edge group.
It noted that the index index after remaining
flat for consecutive five months has seen a 4 per cent dip in August when compared to July.
According to the statement, the downward trend indicates that employers are embracing a cautious approach in hiring activity as economic uncertainties and inflationary pressure continue to weigh on their sentiment.
"Key industry sectors like IT-Software, Oil & Gas, Pharma and Auto sectors have seen dipping hiring figures continuously for the last two months," it noted.
With inputs from PTI 
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